The “Big Five” Canadian banks include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Are there other viable options?
Latest News
Despite the ads begging for your trust, banks are not your mom: Don Pittis + MORE Mar 16th
Bombarded by warm and friendly ads, Canadians might be deceived into thinking banks are kindly public services. But they are businesses, although they must work hard to keep our trust..... More »
Royal Bank, Citibank ordered to hand over info on Cayman islands dealings in offshore tax probe Jul 28th
Two banks operating in Canada have agreed to give the federal revenue minister information from the accounts of a Caribbean financial institution to help the government crack down on Canadian tax evaders..... More »
How much are trading fees? Nov 25th
Individual stock trading has exploded during the pandemic with the rise of meme stocks, investing FOMO and free trading platforms. New investors poured money into stocks looking to make a quick buck, and in most cases the markets obliged.
Indeed, Canadian and U.S. stock returns have soared since .... More »
Think You Have Sufficient Travel Insurance? Think Again + MORE Jan 27th
Despite the weak Canadian dollar, winter-weary snowbirds and March breakers are still heading south for vacation. If you’re one of these people, you probably understand that you need to pack more than just sunscreen for protection. Even if your travel budget is tight, spending a bit extra on .... More »
What is a Secured Credit Card and How Does It Work? Jun 28th
A good credit history is important for everyone. It’s a gateway to more borrowing options and the basis of a positive financial future. But what if you have no credit, or some unfortunate marks on your record make it hard to get a new card?
That’s where a secured credit card may come in.... More »
Now Markets Get to Vote on Greece's New Government
– online.wsj.com
Depositors continue to flee the banks, and Greek 10-year bond yields rose roughly two percentage points this week. Germany’s chancellor has ruled out cancelling any of Greece’s debt. Angela Merkel says banks and creditors have already made substantial cuts for the troubled eurozone country.
